Hanoi attractive to investors

Hanoi (VNA) – Hanoi plans to grant investment licences to several
large projects throughout the rest of this year, according to the municipal
People’s Committee.

The projects include a 220 million USD solid waste treatment project in
Ta Thanh Oai, a 319 million USD waste-to-power plant in Soc Son and a 420
million USD horse racing track.

To be more attractive to investors, the capital city has employed
measures to improve its investment and business environment, while talking
with enterprises to remove their difficulties.

At the same time, the city has enhanced the use of information
technology in business registration and tax payment processes, creating optimal
conditions for enterprises. So far, 98 percent of local firms have used online
tax declaration.

At an October meeting of the municipal People’s Committee, Chairman of
the committee Nguyen Duc Chung asked the Department of Information and
Communications to work with the Department of Home Affairs to review
administrative reform to simplify all processes and provide online public
services.

So far, the city has received 128 projects in public-private
partnership, eight of which have been finished worth 13.68 trillion VND and 12
underway ones worth 28.5 billion VND.

It has also issued business licences to 25,160 companies worth 240
trillion VND, up 11 percent and 4 percent respectively, raising the total
number of firms in the city to 231,922.-VNA